SI Silver Futures Weekly Chart Analysis: 2026-Aug-06 07:09 CT

Price Action

Last: 58.854,
Bars: Large,
Mom: fast.

WSFG Weekly

Short-Term
WSFG Current: 73%
F0%/NTZ' Bias: Price Above,
WSFG Trend: Up.

MSFG Month Aug

Intermediate-Term
MSFG Current: 22%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: -158%
F0%/NTZ' Bias: Price Below,
YSFG Trend: Down.

Swing Pivots

(Short-Term) 1. Pvt. Trend: DTrend,
(Intermediate-Term) 2. HiLo Trend: DTrend,
3. Pvt. Evolve: Pvt low 55.000,
4. Pvt. Next: Pvt high 70.260,
5. Levels R: 105.070, 93.555, 90.525,
6. Levels S: 55.000, 50.260, 47.720, 30.905, 27.360.

Weekly Benchmarks

(Short-Term) 5 Day: 58.854 Down Trend,
(Short-Term) 10 Day: 63.485 Down Trend,
(Intermediate-Term) 20 Day: 70.015 Down Trend,
(Intermediate-Term) 55 Day: 63.700 Down Trend,
(Long-Term) 100 Day: 51.670 Up Trend,
(Long-Term) 200 Day: 41.005 Up Trend.

Recent Trade Signals

05 Aug 2026: Long SI 09-26 @ 62.15 Signals.USAR.TR720
05 Aug 2026: Long SI 09-26 @ 61.695 Signals.USAR-MSFG
04 Aug 2026: Long SI 09-26 @ 59.675 Signals.USAR-WSFG
30 Jul 2026: Long SI 09-26 @ 58.845 Signals.USAR.TR120

Overall Rating

Short-Term: Bullish,
Intermediate-Term: Bullish,
Long-Term: Bullish.

Key Insights Summary

Silver remains in a high-volatility corrective phase following the sharp advance and rejection from the 105.070 pivot high. Weekly price action has produced a fast decline with lower highs and lower lows, keeping both short-term pivot measures in DTrend and price below the 10, 20, and 55 period benchmarks. The 55.000 pivot low is the immediate structural support, while 70.260 is the next upside pivot threshold. Despite the countertrend weekly decline, the weekly and monthly Fib grids remain positive and recent system signals remain long. The longer-cycle structure retains an upward benchmark alignment above the rising 100 and 200 period averages, although the negative yearly Fib position defines the broader correction as unresolved.